Most States have laws regarding car insurance. The State of Texas says you must have car insurance to even get a car registered to your name. If you go without you still have to pay for damages incurred in an accident. In addition you could be fined or even get your driving privleges suspended. It is just not worth the cost!
Every State sets limitations on what type of coverage is a minimum. But it must pay for damage to property and medical. Texas law states a driver must carry at least 25/50/25 in liability coverage.
The Texas 25/50/25 means that you must have liability insurance that will cover $25000 bodily injury or death for 1 person and $50000 for 2 people. it must also pay up to $25000 for damage to property. This minimum does not protect you or your property that would be an additional coverage called Comprehensive.
If you are found at fault the States minimum may not be enough. If the cost of damages are more than you have coverage for you are still responsible to pay. This is why many insurance companies recommend higher limits to eliminate this possibility for your protection.
You are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.
The State of Texas has cracked down hard on uninsured motorist, making them pay a price just to keep their license. They have what is called a surcharge that a violator must pay for up to 3 years after the violation. The “surcharge” is very costly.
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money.
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Tags: liability insurance, Cars, car insurance, Cars
